volodyar/iStock via Getty Images Enphase ( ENPH ) has finally seen a bounce. The first quarter is expected to mark a bottom for solar demand with sequential improvement throughout the year. Investors might also be beginning to wonder if rising electricity prices due to AI data centers might prove to be a tailwind for solar installations. This is an intriguing angle, which I have made before, but I am now of the view that it is fully priced into the stock. I am downgrading the stock to a neutral rating. ENPH Stock Price I last covered ENPH in December , where I rated the stock on the “sneaky AI thesis.” The stock has soared 37% since. Data by YCharts While management looks confident that the bottom is in, I view the recent rally as a good chance to step aside. ENPH Stock Key Metrics ENPH is a critical player in the solar market, known for its microinverters. These microinverters, in ENPH’s opinion, are more reliable than string inverters due to not having one single source of failure. That assertion may have been called into question given Tesla’s ( TSLA ) great success in the space using string inverters, but for the most part, ENPH is still able to command premium pricing due to having one of the highest quality products on the market. 2025 Q4 Presentation ENPH has begun shipping its newest IQ9N microinverter for the commercial market, which is a milestone as it allows the company to support larger commercial buildings. ENPH has historically made most of its business in residential installations, and this pronounced entrance into the commercial markets may be a key growth driver over the coming years. 2025 Q4 Presentation In its most recent quarter, ENPH saw revenue decline 10.3% YoY to $343.3 million, coming in at the high end of guidance of between $310 million and $350 million. The decline was expected given that the prior quarter had seen a lot of pull-forward in demand due to the anticipated expiration of solar credits. While non-GAAP operating margins did con...

Billionaire Stanley Druckenmiller ran the hedge fund Duquesne Capital between 1981 and 2010. He earned an average return of 30% annually without a single down year, an accomplishment that is unheard of even among professional money managers. Druckenmiller no longer manages money for clients, but he does manage his family wealth through Duquesne Family Office, which means investors can still track his portfolio using 13F forms. Druckenmiller made two particularly interesting trades in the fourth quarter. He sold his entire position in Sandisk SNDK 6.78% ) Western Digital last year. last year. He started a new position in Amazon AMZN 2.61% ) Here's what investors should know about these artificial intelligence (AI)stocks. 1. Sandisk Sandisk designs storage products based on NAND flash technology, including embedded drives for edge devices (personal computers, automotive systems, gaming consoles) and solid-state drives (SSDs) for data centers. The company realizes cost savings and supply chain security through its joint venture with Japanese manufacturer Kioxia, as they share expenses related to fabrication equipment and memory design. Demand for artificial intelligence infrastructure has led to an unprecedented supply shortage in NAND flash memory, such that prices have tripled in the past year. Sandisk has benefited greatly. Revenue soared 61% to $3 billion in the January quarter, driven by especially strong sales growth in the data center segment, and non-GAAP (adjusted) earnings rose 404% to $6.20 per diluted share. However, Sandisk is the fifth-largest supplier of NAND flash memory, and there is nothing especially unique about the company, which means substantial market share gains are unlikely. "We don't believe Sandisk holds an economic moat," Morningstar analyst William Kerwin wrote in a recent note. "We view flash memory chips as commodities that don't command any pricing power." So what? The memory chip industry is notoriously cyclical. The memory supply shor...

Shares of Target (TGT +0.36%) surged 7% in the trading session following its earnings announcement for the fourth quarter and full year of 2025. It was the first quarterly report since Michael Fiddelke became CEO, and with that, he announced a new strategic plan for growth. Still, one day does not a trend make, and knowing that, investors may or may not believe Target stock has turned the corner. Looking at the plan, it seems increasingly likely that the retailer could begin a long-awaited recovery, and here's why. Where Target stock stands Despite today's gains, numerous problems have plagued Target since the pandemic, including high inventory levels, less compelling merchandise, messier stores, and the company's controversial political stances. This has taken a toll on the company directly. The latest earnings report showed a 2% net sales decline in fiscal 2025 (ended Jan. 31, 2026) and a 9.7% drop in net income to $3.7 billion. With that, Target trades at a discount of almost 55% from its all-time high. Also, even after the recent gains, the stock sells at a price-to-earnings ratio (P/E) of 15. This compares poorly to Walmart, which has long maintained positive sales growth and sells for 47 times earnings. Looking forward However, Target management forecast that net sales would grow by about 2% in fiscal 2026, perhaps signaling a turnaround. To help achieve that, the company will spend $1 billion in 2026 to update stores, hire and train more personnel, and invest in AI and improved marketing. Also, it will increase its planned capital investment by more than $1 billion (for a total of $5 billion) to update and remodel stores and to improve its supply chain and technology. Expand NYSE : TGT Target Today's Change ( 0.36 %) $ 0.43 Current Price $ 120.79 Key Data Points Market Cap $55B Day's Range $ 117.00 - $ 120.79 52wk Range $ 83.44 - $ 126.00 Volume 6M Avg Vol 6.8M Gross Margin 25.44 % Dividend Yield 3.76 % It also plans to improve its product offerings, focusing...

Key Points Stanley Druckenmiller, a former hedge fund manager with an excellent track record, sold Sandisk and bought Amazon in the fourth quarter. Sandisk has benefited from an unprecedented supply shortage in memory chips, but the company lacks a durable economic moat. Amazon just reported its best cloud sales growth in 13 quarters, and the company should become more profitable as it leans into AI and robotics. 10 stocks we like better than Amazon › Billionaire Stanley Druckenmiller ran the hedge fund Duquesne Capital between 1981 and 2010. He earned an average return of 30% annually without a single down year, an accomplishment that is unheard of even among professional money managers. Druckenmiller no longer manages money for clients, but he does manage his family wealth through Duquesne Family Office, which means investors can still track his portfolio using 13F forms. Druckenmiller made two particularly interesting trades in the fourth quarter. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » He sold his entire position in Sandisk (NASDAQ: SNDK) Western Digital last year. last year. He started a new position in Amazon (NASDAQ: AMZN) Here's what investors should know about these artificial intelligence (AI)stocks. 1. Sandisk Sandisk designs storage products based on NAND flash technology, including embedded drives for edge devices (personal computers, automotive systems, gaming consoles) and solid-state drives (SSDs) for data centers. The company realizes cost savings and supply chain security through its joint venture with Japanese manufacturer Kioxia, as they share expenses related to fabrication equipment and memory design. Demand for artificial intelligence infrastructure has led to an unprecedented supply shortage in NAND flash memory, such that prices have tripled in the past year. Sandi...

Key Points Net sales continued to fall in fiscal 2025. The company forecasts a return to growth in the current fiscal year. Amid a low P/E ratio, a successful turnaround could become bullish for Target. 10 stocks we like better than Target › Shares of Target (NYSE: TGT) surged 7% in the trading session following its earnings announcement for the fourth quarter and full year of 2025. It was the first quarterly report since Michael Fiddelke became CEO, and with that, he announced a new strategic plan for growth. Still, one day does not a trend make, and knowing that, investors may or may not believe Target stock has turned the corner. Looking at the plan, it seems increasingly likely that the retailer could begin a long-awaited recovery, and here's why. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Where Target stock stands Despite today's gains, numerous problems have plagued Target since the pandemic, including high inventory levels, less compelling merchandise, messier stores, and the company's controversial political stances. This has taken a toll on the company directly. The latest earnings report showed a 2% net sales decline in fiscal 2025 (ended Jan. 31, 2026) and a 9.7% drop in net income to $3.7 billion. With that, Target trades at a discount of almost 55% from its all-time high. Also, even after the recent gains, the stock sells at a price-to-earnings ratio (P/E) of 15. This compares poorly to Walmart, which has long maintained positive sales growth and sells for 47 times earnings. Looking forward However, Target management forecast that net sales would grow by about 2% in fiscal 2026, perhaps signaling a turnaround. To help achieve that, the company will spend $1 billion in 2026 to update stores, hire and train more personnel, and invest in AI and improved marketing. Also, it will incr...

格隆汇3月7日｜以色列全境收到伊朗导弹警报。

财联社3月7日讯（编辑 若宇） 智能电网概念股持续活跃，截至周五收盘， 顺钠股份 和 汉缆股份 均收获三连板， 泰豪科技 两连板， 南网数字 20CM涨停 ， 远光软件 、 奥特迅 、 禾望电气 、 广电电气 、 三星医疗 纷纷涨停。 消息面上， 美国三大区域电网运营商相继获批了总计750亿美元的输电扩容项目，建设一批765千伏超高压线路 ，输电能力可达传统线路的六倍，总里程扩展到10000英里， 相当于现有里程四倍 。此外三星医疗公告，子公司三星瑞典签订总计1.17亿欧元荷兰Enexis电力局变压器框架合同。 据财联社VIP盘中宝•数据栏目此前梳理，智能电网产业链中，智能配电和电网自动化领域涉及的上市公司包括 许继电气 、 东方电子 、 北京科锐 、 昊创瑞通 、 宏力达 、 四方股份 、 国网信通 、南网数字和 国电南自 ，具体情况详见下图： 许继电气业务分直流输电、智能变配电、智能中压供用电设备等六个板块， 产品应用于发电、输电、变电、配电、用电各环节 。公司核心业务产品覆盖电力系统各个环节，具备超高压/特高压直流输电、柔性直流输电、智慧变电、 智能配电 、智能用电、新能源发电、电动汽车充换电、工业及轨道交通供用电、能源互联网、先进储能、智能制造等整体解决方案能力、核心设备制造能力和工程服务能力。东方电子是全国最早进入配电自动化领域的尝试，公司发挥配电全产业链的产品技术优势及多年深入参与的产业实践经验， 打造了融合数智多元方案的现代智慧配网，满足新型配电网建设需求 。 北京科锐属于输配电及控制设备制造行业， 主营业务为12kV及以下配电及控制设备的研发、生产与销售 。公司近年来在巩固配电设备产品领域优势的同时，积极布局IGBT、光储充氢技术，并联合业内头部企业，积极探索发展新能源业务和综合能源服务业务，努力为全行业合作伙伴提供从新能源发电、储能、充电、氢能运用、综合能源管理等一体化解决方案。昊创瑞通是国内领先的智能配电设备供应商，主要产品包括智能环网柜、智能柱上开关和箱式变电站等。宏力达主要产品包括智能柱上开关、故障指示器和接地故障研判辅助装置等。经过多年的产品研发与技术创新，公司积累了深厚的技术底蕴与研发实力， 研发的智能开关等产品能够有效提升配电线路运维的便捷性和可靠性。 四方股份是国内少数能提供数据中心交直流配电系统全套关键设备及解决方案的厂家。根据20...

Trevor Srednick/iStock Editorial via Getty Images AutoZone ( AZO ) is a retailer of automotive replacement parts and accessories. The firm has business in the United States, Mexico, and Brazil. I started covering the company last December with an initial neutral rating, with consumer sentiment and valuation being the key points of concern. Since my writing, AZO slightly underperformed the broader market ( SPY ) and performed approximately in line with the consumer discretionary sector - despite a major drawdown in late December. Analysis history (Author) Data by YCharts The aim of my article today is to give an updated view on the firm, taking into account the most recent earnings results. I will also give an update on the macroeconomic environment, as well as on the valuation metrics. Earnings In the most recent quarter, AutoZone's EPS came in at $27.63, beating analyst estimates by $0.34, but declining 2.3% compared to the prior year. The price reaction was negative after the beat, however, driven by the worse-than-expected top-line results. Revenue came in at $4.27B, representing an 8.1% growth year-over-year, but missing expectations by $40 million. Let us dive a bit deeper into the results and see what the key driving factors are. Income statement Q2 results (AutoZone) First of all, when looking at the net sales, we have to understand that the growth is coming largely from expansion/new store sales. The firm increased its store count by 64 compared to the prior year. This, on one hand, is good, as the firm is executing its foreseen growth strategy and increasing its footprint both domestically and internationally. On the other hand, it still shows that macroeconomic headwinds are putting downward pressure on the demand. In contrast to the net sales growth, same store sales only grew by 3.3%, coming in below analyst estimates. When looking at the growth geographically (in constant currency), it is definitely promising, however, that the growth is broad-based, me...

格隆汇3月7日｜据央视，伊朗驻埃及大使穆杰塔巴·菲尔多西·普尔当地时间3月5日表示，伊朗目前没有、也不会向美国提出要求特朗普重回谈判桌，因为伊朗已经不再信任美国总统。他表示，美国袭击伊朗并非仅出于军事目的，而是为了伊朗的石油和地缘政治角色，为了推翻伊朗政权。

格隆汇3月7日｜据灯塔专业版实时数据，截至3月7日17时22分，影片《熊出没·年年有熊》票房突破10亿。

格隆汇3月7日｜3月6日，上海振华重工集团党委书记、董事长由瑞凯会见国际集装箱码头服务公司（ICTSI集团）副总裁Nathan Clarke，双方举行工作会谈。Nathan Clarke对公司的发展成绩表示肯定，并介绍了ICTSI集团的发展情况。他表示，ICTSI集团高度重视与上海振华重工集团的战略合作关系，正在积极提升全球市场竞争力，加快推进转型发展，希望双方立足现有良好合作成果，高质量推进在建项目，进一步加强全方位战略合作，实现优势互补、发展共赢。

From a purely statistical standpoint, Wall Street has been pleased with Donald Trump's tenure in the White House. Although the stock market has endured some of its wildest historical swings under President Trump (e.g., the five-week COVID-19 crash and a one-week swoon in early April 2025), the Dow Jones Industrial Average (^DJI 0.95%), S&P 500 (^GSPC 1.33%), and Nasdaq Composite (^IXIC 1.59%) gained 57%, 70%, and 142%, respectively, during his first term, and have all rallied by 13% to 15% since his second, non-consecutive term began (as of the end of February 2026). The argument can be made that things have been too good to be true for the stock market since Trump took office -- and that's generally worrisome. Oftentimes, when things seem too perfect for stocks, they are. For instance, it's easy for investors to scapegoat President Trump's ever-evolving tariff and trade policy as a catalyst that could potentially pull the rug out from beneath the Dow, S&P 500, and Nasdaq Composite. Prior studies by four New York Federal Reserve economists have shown that Trump's tariffs have adversely affected American businesses and publicly traded companies. But tariffs aren't Wall Street's biggest concern. While the president's trade policy tends to dominate headlines, there are two more sinister factors that dwarf its relevance and are far likelier to trigger a potential stock market crash under Donald Trump. A possible loss of credibility for the Federal Reserve looms large Arguably, the stock market's biggest problem is the Federal Reserve. Usually, the nation's central bank is a steady force on Wall Street. The Fed attempts to achieve its goals of maximizing employment and stabilizing prices by adjusting the federal funds target rate (the overnight lending rate between financial institutions) and through open-market operations, such as buying or selling U.S. Treasury bonds. The 12 members of the Federal Open Market Committee (FOMC), which currently includes Fed Chair Jerome ...

Key Points The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have delivered outsize returns during Trump's tenure in the White House. Donald Trump's tariff and trade policy takes a back seat to two catalysts that can trigger a stock market crash. Federal Reserve credibility and historically pricey stock valuations loom large in 2026. 10 stocks we like better than S&P 500 Index › From a purely statistical standpoint, Wall Street has been pleased with Donald Trump's tenure in the White House. Although the stock market has endured some of its wildest historical swings under President Trump (e.g., the five-week COVID-19 crash and a one-week swoon in early April 2025), the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 57%, 70%, and 142%, respectively, during his first term, and have all rallied by 13% to 15% since his second, non-consecutive term began (as of the end of February 2026). Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The argument can be made that things have been too good to be true for the stock market since Trump took office -- and that's generally worrisome. Oftentimes, when things seem too perfect for stocks, they are. For instance, it's easy for investors to scapegoat President Trump's ever-evolving tariff and trade policy as a catalyst that could potentially pull the rug out from beneath the Dow, S&P 500, and Nasdaq Composite. Prior studies by four New York Federal Reserve economists have shown that Trump's tariffs have adversely affected American businesses and publicly traded companies. But tariffs aren't Wall Street's biggest concern. While the president's trade policy tends to dominate headlines, there are two more sinister factors that dwarf its relevance and are far likelier to trigge...

阿联酋迪拜国际机场当地时间7日在社交媒体上表示，当天已部分恢复运营。据悉，迪拜国际机场1号航站楼整体秩序较为正常，值机柜台和安检通道已恢复开放。阿联酋航空公司7日早些时候宣布暂停所有往返迪拜的航班，目前也宣布将恢复航班运行。7日早些时候，迪拜国际机场数次响起防空警报。阿联酋国防部当时表示，防空系统正拦截来自伊朗方向的导弹和无人机。迪拜相关部门7日证实，拦截行动中少量碎片坠落，未造成人员伤亡。（央视新闻）

Judge Parker said acting as a recruiter and propagandist for the group had been "harmful and dangerous" and told Ali he hoped he would return to the "ordinary, happy life which your parents so long for you" after being deradicalised.

格隆汇3月7日｜罗氏集团董事长塞弗林-施万（Severin Schwan）周六表示，罗氏预计其与美国政府达成的协议将使其药品免受本轮进口关税的影响，但其诊断部门仍面临风险，在最初的150天期限过后可能面临新的关税。施万说，罗氏诊断部门在 2025 年的销售额接近 140 亿瑞士法郎，其大部分测试和仪器从瑞士和其他欧洲国家出口到美国。

格隆汇3月7日｜据央视，以色列国防军当地时间3月7日通报称，其在黎巴嫩境内的军事行动取得新进展，成功打击了真主党多处核心设施及高层人员。3月7日凌晨，以军完成了新一轮针对黎巴嫩南部及贝卡谷地的打击，摧毁了多处火箭弹发射器、武器库及其他军事设施。3月6日，以军对黎巴嫩南部马吉达尔塞尔地区实施打击，击中真主党精锐部队的两处指挥中心，并击毙了该部队多名指挥官。以色列方面称被击毙的指挥官近期一直直接参与策划并实施针对以色列国防军士兵及平民的袭击。

Key Points Prediction markets are a useful tool in gauging the odds of a future event. Bitcoin has been tumbling during the past few months, but prediction markets suggest a huge rally is unlikely. 10 stocks we like better than Bitcoin › The price of Bitcoin (CRYPTO: BTC) is down more than 40% from its all-time high. Meanwhile, gold is trading near record highs. This is an important dichotomy as geopolitical events lead to increased market volatility. Far from being a hedge against market risk, as some market watchers had hoped, Bitcoin has turned out to be a volatility risk all on its own at exactly the point when investors probably hoped it would serve as a bulwark. Where is Bitcoin going? Prediction markets are a relatively new tool for monitoring sentiment across a wide range of topics, from the outcome of a political race to the weather. There's also a prediction market around Bitcoin. The numbers are interesting. It appears that prediction markets suggest an 11% chance for Bitcoin to hit $150,000 by the end of 2026. That would push the cryptocurrency to a new high, well above the roughly $126,000 it reached in October. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » What's more interesting is that the chance of revisiting just $120,000 is only about 21%, which isn't much better. If you bought at the recent highs, prediction markets aren't looking pretty for you right now. And that's an important factor to keep in mind as you consider why you bought Bitcoin in the first place. Bitcoin hasn't proven itself yet Cryptocurrencies are a speculative asset. The huge price swings are a sign that emotions drive price movements. Still, one of the big argument in favors of owning Bitcoin is that it could serve as a store of wealth, making it analogous to gold. However, as geopolitical tensions have rise...

At least seven people were killed and 10 others, including three children, were wounded on Saturday by a Russian missile that hit a five-storey residential building in Ukraine’s second-largest city, Kharkiv, officials said. President Volodymyr Zelensky condemned the attack and called for an international response. He said that Russia struck Ukraine overnight with 29 missiles and 480 drones, targeting energy facilities in Kyiv and other central regions, with damage reported in at least seven other locations across the country. According to preliminary data, air defence systems downed 19 missiles and 453 drones, with hits from 9 missiles and 26 strike drones recorded at 22 locations. Advertisement In Kharkiv, in Ukraine’s northeast, emergency workers were combing the rubble, looking for survivors. 00:57 Kim Jong-un visits construction site for memorial to soldiers killed in Ukraine war Kim Jong-un visits construction site for memorial to soldiers killed in Ukraine war In the Kyiv region, damage from debris was reported in three districts, according to local authorities. Advertisement In the southern Odesa region, 80 firefighters were called in to help battle massive fires at infrastructure facilities following an attack with multiple drones. Ukraine’s state rail operator Ukrzaliznytsia said damage to the rail infrastructure forced changes to a number of routes in the centre-west of the country.